Business

Kampala, Uganda | THE INDEPENDENT | Centenary Bank has signed a Loan Portfolio Guarantee agreement with the African Guarantee Fund worth US$10million to fund SMEs in Uganda. The 5-year partnership aims to unlock financing intended to facilitate the promotion and growth and development of Small and Medium sized Enterprises. Fabian …

Brussels, Belgium | AFP |  With just two weeks to go before Brexit, European diplomats are preparing for the next phase: intense negotiations to hammer out a future with Britain after its EU divorce. Brussels is braced for new rounds of Brexit battles, aware that a bullish Prime Minister Boris Johnson is …

Kampala, Uganda | THE INDEPENDENT |  Uganda’s national carrier, Uganda Airlines, has made it official that it will unveil direct flights to Johannesburg, South Africa, soon. The development will see the airline grow its network of direct flights out of its hub at the Entebbe International Airport. Presently, the airline …

Kampala, Uganda | THE INDEPENDENT | The International Advisory Board of African Leadership Magazine, a publication of African Leadership (UK) Limited meritoriously selected NWSC MD Dr. Eng Silver Mugisha from a shortlist of nominees to be inducted into the AFRICAN LEADERSHIP CEO’S HALL OF FAME 2020. In the same vein, …

Kampala, Uganda | THE INDEPENDENT  |  The Uganda Civil Aviation Authority-CAA has said the first phase of expanding Entebbe International Airport is currently at 60 percent level of completion. Uganda secured a loan of $325 million from Exim Bank of China, with $ 200 million earmarked to finance the first phase …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BoU), in collaboration with Uganda Bankers’ Association (UBA) and Financial Sector Deepening Uganda (FSDU) today signed a landmark contract with fintech company Laboremus Uganda to develop a digital ID verification system to be used by all banks and other licensed financial …

Kampala, Uganda | THE INDEPENDENT  |  Bright Rwamirama, the State Minister in Charge of Animal Industry has intervened in a dispute on the enforcement of livestock quarantine in Sembabule district. Rwamirama and Dr Rose Ann Edmund, the Commissioner in Charge of Health and her Assistant, Doris Kiconco on Thursday were in …

Soroti, Uganda | THE INDEPENDENT  |  Soroti district officials have asked the government to review some of the requirements for the youths to access the Youth Livelihood funds. This follows lower recovery rate of YLP funds disbursed to 114 youth groups in the district. Since 2014/2015 Financial Year, the district has …

Beijing, China | AFP | China’s economy weakened to its slowest pace in three decades in 2019 as weaker domestic demand and trade tensions with the United States took their toll, official data showed Friday. The world’s second-largest economy grew by 6.1 percent last year, its worst performance since 1990, …

Abuja, Nigeria | AFP |  English-speaking West African countries on Thursday criticised a move to rename the CFA franc used by former French colonies, saying the move jarred with plans to introduce a region-wide currency of the same name. Members of the West African Monetary Zone (WAMZ) Convergence Council said …